Management Change28 Sept 2026, 10:50 pm
Federal Bank Appoints Virat Sunil Diwanji as Executive Director
AI Summary
Federal Bank Ltd announced the appointment of Mr. Virat Sunil Diwanji as Executive Director on its Board, following approval from the Reserve Bank of India (RBI). The appointment is for a period of three years, effective from October 12, 2026. Mr. Diwanji, currently the National Head of Consumer Banking at Federal Bank, brings over 30 years of experience from the Kotak Mahindra Group. His appointment is subject to shareholder approval within three months. He is not disqualified from holding the director position and has no relation to existing directors.
Key Highlights
- Virat Sunil Diwanji appointed Executive Director for three years.
- Appointment effective October 12, 2026, pending shareholder approval.
- Diwanji has 30+ years of banking experience, including Kotak Mahindra.
- Currently leads Federal Bank's Consumer Banking division.
- No disclosed conflicts of interest or disqualifications.
Price Impact
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